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60 Geoffrey Street, Preston, Lancashire
Marketed by:
Auction House North West
311 Garstang Rd, Fulwood, Preston PR2 9XJ, UK
01772 772450
Vacant three-bedroom freehold terraced house
60 Geoffrey Street, Preston, Lancashire
Unsold
£75,000+
• 3 Bedrooms
• Terraced House
• Freehold; listing also states See Legal Pack
• Vacant possession
Description
Three Bedroom Mid Terrace House. Terrace house located in popular residential area close to shops and schools. Viewings will be available from start of September and property is being sold with vacant possession.
Accommodation
Three Bedroom Mid Terrace House
Location
Popular residential area close to shops and schools.
Tenure / Property Information
Tenure |
Freehold; listing also states See Legal Pack |
Occupancy |
Vacant possession |
Investment Analysis
Recent same-street terraced freehold sales were £100,000, £104,000 and £121,000 in 2024–2025. An indicative base GDV of £108,333 uses the mean of these three sales; condition and exact comparability are unconfirmed.
Investment Snapshot
Guide Price |
£75,000 (plus fees) |
HB Estimated GDV |
£108,333 |
Strategy Recommendation
Proceed only subject to satisfactory viewing, legal-pack review and independent refurbishment and rental assessment. The apparent value gap warrants investigation but does not support a firm bid limit.
Works Required
No works are evidenced. Inspection and review of the legal pack are required before budgeting refurbishment.
Rental & Market Context
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
62, Geoffrey Street, Preston, Preston, Pr1 5nj |
£121,000 |
|
59, Geoffrey Street, Preston, Preston, Pr1 5nj |
£104,000 |
|
58, Geoffrey Street, Preston, Preston, Pr1 5nj |
£100,000 |
|
45, Geoffrey Street, Preston, Preston, Pr1 5nj |
£42,000 |
|
58, Geoffrey Street, Preston, Preston, Pr1 5nj |
£50,000 |
Potential BRRR Position
Base GDV |
£108,333 |
75% Refinance |
£81,250 |
At the indicative base GDV, 75% refinance would be approximately £81,250. Refurbishment cost, total project cost, finance costs and rent are unsupported, so cash recycling and viability cannot be confirmed.
Buy-to-Let Analysis
BTL yield cannot be established because no sufficiently specific rental evidence, passing rent or operating costs are supplied. The property is stated to have vacant possession.
Flip Analysis
The guide price is below the recent same-street sales range, but no refurbishment allowance, selling costs or condition evidence is supplied. Flip surplus cannot be calculated reliably.
Investor Risks & Due Diligence
• Property condition and refurbishment requirements are not supplied.
• No sufficiently specific rental evidence is available.
• Legal-pack disbursements and other purchaser charges may apply.
• Comparable sale prices range from £100,000 to £121,000 and exact specification and condition are unconfirmed.
• Tenure is stated as freehold, but the listing also refers to the legal pack.
Recommendation
Proceed only subject to satisfactory viewing, legal-pack review and independent refurbishment and rental assessment. The apparent value gap warrants investigation but does not support a firm bid limit.
Strategy Rating
HB Rating |
★★★☆☆ |
Analysis Confidence
Confidence |
Low-Medium |
Recent same-street sales and the guide price are available, but condition, exact comparable specification, rent, refurbishment costs and legal-pack details are absent.
Auction Details :
Auction House North West
Auction Date :
14/10/26
Lot Number :
3
Property Location:
60 Geoffrey Street, Preston, Lancashire
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